Business
Conquest reports final results of airborne geophysical survey
Conquest reports final results of airborne geophysical survey Canada NewsWire TO...
About this update from Conquest Resources Limited
[{"type":"text","content":"\n\n\n\nConquest reports final results of airborne geophysical survey\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, July 12, 2018\n\n\n\n \n\n\n20 Geophysical Targets identified at Golden Rose Property\nNew insights into structural context and gold mineralization prospectivity \n\n\n\nTORONTO, July 12, 2018 /CNW/ - Conquest Resources Limited (TSX-V: \"CQR\") reports that the final results and interpretative report for the high-resolution, airborne geophysical survey on its Golden Rose property have been received and analysed. \n\n\n \n \n\n \n\"Based on the combined magnetic and electromagnetic data interpretation outcomes, at least 20 targets associated with magnetic and EM conductive anomalies favourable for gold exploration were identified and delineated within the Golden Rose Property. Among these targets, there are eight highly favourable targets that are prioritized for future follow up.\" (Geotech Report, 2018).\n\nThe helicopter-borne Versatile Time Domain Electromagne3tic (VTEM™ Plus) and Aeromagnetic Geophysical Survey was carried out by GEOTECH Ltd., over the Golden Rose Mine project area in March 2018. \n\nDuring this survey, in total, 179-line kilometers of VTEM data and horizontal magnetic gradiometer geophysical measurements were collected over the Golden Rose Mine property, along transverse lines spaced at 100 m apart and tie lines spaced at 1,000 m apart, using an Aerospatiale A-Star 350 B3 helicopter, owned and operated by Geotech Aviation Ltd.\n\nData processing was performed by Geotech Ltd in Aurora, Ontario in April 2018. An interim processing report was delivered in May 2018 with the final report delivered to Conquest in June 2018 (Geotech Ltd, 2018).\n\nGOLDEN ROSE – GEOPHYSICAL SURVEY OBJECTIVES\n\nThe primary objectives of the helicopter-borne geophysical survey and the interpretation of the acquired data were to derive detailed lithological and structural maps of the Golden Rose Mine project area and to delineate new favourable areas for detailed exploration of gold and/or other mineralization and...